ethereum performance, what do you think?

Ozero

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Quote from: plexasm on April 07, 2021, 03:31:06 PM

Quote from: Argoo on April 07, 2021, 01:58:32 PM

You don't have to wait until 2024. The problem of high transaction fees on the ethereum network should be resolved in a few months, namely in July. In addition, the Ethereum 2.0 improvements have been calculated to be implemented over a two-year period. However, Buterin recently announced that the overall renewal period for the ethereum network is shortening. So the update should end next year.
However, there is a problem with high fees and it is because of this that the growth of the ethereum price is still relatively slow. I hope the situation will improve a lot by the fall.

ETH Foundation approximation for ETH2 Phase2 is late 2022. they have missed every deadline they've set by at least a year, why would this be different?

what makes you think the high fees will be resolved in July? EIP 1559 does not reduce transaction fees, it burns them. ETH would need to reduce fees by 10000% to compete with BSC. you need ETH2 Phase2 for that.

Recently, Buterin said that EIP1559 will solve the problem of high transaction fees on the ethereum network, and that the overall network upgrade time under Ethereum 2.0 is shortening. It seems to me that his words can be trusted. Another thing is that it is not always possible to foresee the various difficulties that arise in this case. This is not surprising, because cryptocurrency is a completely new phenomenon.
Ethereum has surpassed $ 2,500 today, which is a testament to the fact that the coin is still trusted.

Vaculin

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Winding down.

It is only just the fees we mostly don't like ETH this time but other than that, it is much more appreciated.
ETH holders are in a huge profit, and surely they are. The price becomes stable and even we complain about huge fees and many investors are investing other altcoins but there is no effect on its price, instead, we even see that it move higher.

I was expecting ETH will keep on moving high together with Bitcoin. However, it might not surprise us one day that the market just drops, we just need to anticipate it.

Review Master

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Quote from: fia_naila on April 08, 2021, 03:50:29 AM

I know and everybody know ethereum is the second safest network after btc and this is not surprise for me at all. But if you compare the transactions fees to other blockchain ethereum is insane. Ethereum developer need to rush to deploy ethereum 2.0 and reduce the fees. Or it can not scale.

Indeed, but we don't need to wait for the final deployment of Ethereum 2.0 as there will an hardfork for EIP1559 (Ethereum Improvement Proposal 1559) which might solve the current high gas fee problem by replacing the auction fee system into burning fee system. Though some researchers said that EIP1559 might not effect on that, even the block size is increased. So, lets wait for the hardfork to get the result and hoping to see lower transection fee after that hardfork.

santiPOGI

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If the gas fee of Ethereum will not be change in the future I think this will be the beginning of falling of ETHEREUM.
Because while the price gas fee was too expensive the BSC at the moment are taking advantage of it to accept new projects to
use their own blockchain for the utility token. Because they have a very cheap transaction payment for it.

max6575

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as developer work on plan with the chance as manufacturing product and service with the occupation also of the blockchain network with ethereum, with the future terms of entrance investors might finds also more of offers with the different token to work on plan with the crypto trading of the finance.

TelolettOm

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Unfortunately, currently the case from ethereum regarding transactions with high fees has been able to be resolved with the existence of BNB. Even though in the current ecosystem Ethereum is quite strong and the existence of Uniswap as a trade has contributed to creating hype on the ethereum platform. This year is a golden year for BNB which is able to give surprises in terms of price and performance which is enough to make holders get high profits

yohananaomi

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Quote from: fia_naila on April 08, 2021, 03:50:29 AM

I know and everybody know ethereum is the second safest network after btc and this is not surprise for me at all. But if you compare the transactions fees to other blockchain ethereum is insane. Ethereum developer need to rush to deploy ethereum 2.0 and reduce the fees. Or it can not scale.

If it is about security, maybe there are other alternatives that are also good, but if you look at the market cap, everyone will not be able to deny that Ethereum is still the best to date. the only problem that occurs is the cost which is still the discussion and complaint of many people.
it is not impossible if there will be no change, Dev will look for other alternatives to reduce low costs. at this time many new projects have also tried to find other alternatives and many have done that.

ethereum must not be able to underestimate this because if all Devs try to find cheaper alternative costs, it is not impossible that ethereum will be affected by the coin that replaces it. although it is not easy because of the habitual factor that has occurred, patience can make people look for and keep trying.

fia_naila

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I know and everybody know ethereum is the second safest network after btc and this is not surprise for me at all. But if you compare the transactions fees to other blockchain ethereum is insane. Ethereum developer need to rush to deploy ethereum 2.0 and reduce the fees. Or it can not scale.

wiss19

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Quote from: Dokdo766 on January 16, 2021, 08:18:11 AM

Ethereums performance today is quite impressive! + 26%! surpassing AMD, Blackrock, Square and American Express when compared by Market Cap.

As I am into ethereum mining, let me put my perspective this way: ETH mining will end one day, it will be proof of stake and we know that miners will move to something else, it could be ETC, it could be something else, but every miner will turn to something else, and maybe, and this is just a maybe, maybe someone will make a profit from starting now and when all other miners come into play and start mining that one, the price of that coin will go up?

In that case I believe someone who starts now and holds until that moments come, could make a lot of profit. If I mine x amount of coin and hold it, the worth will be 10x of it when all miners move here, that is probably the idea they have.

Hypnosis00

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And ever since, ETH had a name already and it is one of the most potentials altcoins in the crypto market. I'd never compared it to the stock market as it never makes sense to me.

Quote from: btcltcdigger on April 07, 2021, 04:39:39 PM

Quote from: Dokdo766 on January 16, 2021, 08:18:11 AM

Ethereums performance today is quite impressive! + 26%! surpassing AMD, Blackrock, Square and American Express when compared by Market Cap.

Full list: https://8marketcap.com/

Not really surprising that crypto has big oscilations. Some coins go 50% up and down almost every day.
If a coin goes from 1 sat to 2 sat, that's 100%. So the actual price should be also a variable to consider

It may be OP had forgotten the volatility of the market and it moves freely depending on the market demand and supply. And for the fact that the crypto market is more volatile than the stock market, don't we need to get a surprise, were very often see that every time.

btcltcdigger

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Quote from: Dokdo766 on January 16, 2021, 08:18:11 AM

Ethereums performance today is quite impressive! + 26%! surpassing AMD, Blackrock, Square and American Express when compared by Market Cap.

Full list: https://8marketcap.com/

Not really surprising that crypto has big oscilations. Some coins go 50% up and down almost every day.
If a coin goes from 1 sat to 2 sat, that's 100%. So the actual price should be also a variable to consider

plexasm

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Quote from: Argoo on April 07, 2021, 01:58:32 PM

You don't have to wait until 2024. The problem of high transaction fees on the ethereum network should be resolved in a few months, namely in July. In addition, the Ethereum 2.0 improvements have been calculated to be implemented over a two-year period. However, Buterin recently announced that the overall renewal period for the ethereum network is shortening. So the update should end next year.
However, there is a problem with high fees and it is because of this that the growth of the ethereum price is still relatively slow. I hope the situation will improve a lot by the fall.

ETH Foundation approximation for ETH2 Phase2 is late 2022. they have missed every deadline they've set by at least a year, why would this be different?

what makes you think the high fees will be resolved in July? EIP 1559 does not reduce transaction fees, it burns them. ETH would need to reduce fees by 10000% to compete with BSC. you need ETH2 Phase2 for that.

Argoo

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Quote from: plexasm on April 07, 2021, 12:52:15 PM

Quote from: tsaroz on April 07, 2021, 12:04:24 PM

Quote from: Natsuu on April 07, 2021, 11:46:42 AM

Quote from: bitcoinst on April 07, 2021, 11:27:34 AM

I think that Ethereum's performance is much, much better than many other projects.
However, the main problem in my opinion is scalability. Look at the performance of half a cadot, doesn't it look like anything?

ETH is good in many aspects. The only problem is the high gas fees. That fee's will actually drain your earnings.

There have been talks of improving the blockchain through gradual progression to POS. But the ultimate putdown on Ethereum more than the speed is fees, specially when you are interacting with a token. Like Tron energy, Ethereum needs to address this probem by implementing some ways to make tokens transaction gas free. Till than, new projects and people would keep on moving to competitive platform while Ethereum remains a manipulative coin.

you'll need to wait until about 2024 before they can address the fee issue (Phase 2 ETH2). the only ETH competitor that matters is BSC, and it's a huge problem for them

You don't have to wait until 2024. The problem of high transaction fees on the ethereum network should be resolved in a few months, namely in July. In addition, the Ethereum 2.0 improvements have been calculated to be implemented over a two-year period. However, Buterin recently announced that the overall renewal period for the ethereum network is shortening. So the update should end next year.
However, there is a problem with high fees and it is because of this that the growth of the ethereum price is still relatively slow. I hope the situation will improve a lot by the fall.

plexasm

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Quote from: tsaroz on April 07, 2021, 12:04:24 PM

Quote from: Natsuu on April 07, 2021, 11:46:42 AM

Quote from: bitcoinst on April 07, 2021, 11:27:34 AM

I think that Ethereum's performance is much, much better than many other projects.
However, the main problem in my opinion is scalability. Look at the performance of half a cadot, doesn't it look like anything?

ETH is good in many aspects. The only problem is the high gas fees. That fee's will actually drain your earnings.

There have been talks of improving the blockchain through gradual progression to POS. But the ultimate putdown on Ethereum more than the speed is fees, specially when you are interacting with a token. Like Tron energy, Ethereum needs to address this probem by implementing some ways to make tokens transaction gas free. Till than, new projects and people would keep on moving to competitive platform while Ethereum remains a manipulative coin.

you'll need to wait until about 2024 before they can address the fee issue (Phase 2 ETH2). the only ETH competitor that matters is BSC, and it's a huge problem for them

tsaroz

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Quote from: Natsuu on April 07, 2021, 11:46:42 AM

Quote from: bitcoinst on April 07, 2021, 11:27:34 AM

I think that Ethereum's performance is much, much better than many other projects.
However, the main problem in my opinion is scalability. Look at the performance of half a cadot, doesn't it look like anything?

ETH is good in many aspects. The only problem is the high gas fees. That fee's will actually drain your earnings.

There have been talks of improving the blockchain through gradual progression to POS. But the ultimate putdown on Ethereum more than the speed is fees, specially when you are interacting with a token. Like Tron energy, Ethereum needs to address this probem by implementing some ways to make tokens transaction gas free. Till than, new projects and people would keep on moving to competitive platform while Ethereum remains a manipulative coin.

Natsuu

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Quote from: bitcoinst on April 07, 2021, 11:27:34 AM

I think that Ethereum's performance is much, much better than many other projects.
However, the main problem in my opinion is scalability. Look at the performance of half a cadot, doesn't it look like anything?

ETH is good in many aspects. The only problem is the high gas fees. That fee's will actually drain your earnings.

bitcoinst

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I think that Ethereum's performance is much, much better than many other projects.
However, the main problem in my opinion is scalability. Look at the performance of half a cadot, doesn't it look like anything?

HerbertMarcel

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It seems to me that Ethereum has a brighter future than the likes of litecoin etc. It is still way undervalued when we consider the market dynamics, also just like btc took some time before breaking its previous ATH . ETH is getting really good and it seems this will not stop in the near future.

trauchot

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Ethereum will reach new heights this year, because the next stage of Ethereum 2.0 is expected to be released and, of course, more and more people are starting to come into the cryptocurrency sphere and these people are investing in Ethereum, I also personally see how many new cryptocurrency projects have appeared recently and most of these projects create their cryptocurrencies on the Ethereum blockchain and this also develops and propels Ethereum to new heights.

chippy.hogan

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Quote from: zerogrown on February 04, 2021, 02:30:57 AM

Ethereum really is performing really well right now. Going for a new ATH after new ATH. Volumes sure do rise up a lot coz of this massive upside of ETH market. Gotta hold them besides BTC. DeFi sure made a lot of impact in this matter too. ETH is a good altcoin to hold and trade right now. Do it!

Ethereum surpassed loads of altcoins from its recent new Highs which IMO is a good thing, its just showing on why you shouldnt miss this Major cryptocurrency for the other altcoins. Its gonna be surpassing its new ATH really soon for sure, investors will be piling up even more. I do hodl it, the problem on it is just that it has really high fees . DeFis are soaring high too Cheesy

Topic: ethereum performance, what do you think? (Read 744 times)